Top 10 Savings FAQs

Any active member automatically receives a savings account when they join.

You can save by standing order, online bank transfer (BACS), or over‑the‑counter deposit at your bank. Always use your membership number as the payment reference.

No. You can save as much or as little as you’re able — regular saving is encouraged.

Yes, as long as your savings are not pledged against an outstanding loan. Withdrawals are sent securely to your nominated bank account.

Most requests are processed within office hours. During busy periods, processing may take slightly longer.

Credit unions do not pay interest. Instead, members may receive an annual dividend based on the credit union’s financial performance.

A dividend is a share of the credit union’s surplus, distributed to members based on their average savings balance.

Your savings are protected under strict regulatory standards and managed responsibly by the credit union.

Your savings will be returned to you once any outstanding loans or obligations are settled.